11. "Airlines face a high elasticity of demand , " said Gritta of the University of Portland. 12. The paradox arises when a firm sells a product with few cross-price elasticity of demand . 13. The price elasticity of demand was presented by Marshall as an extension of these ideas. 14. In other words, the income elasticity of demand of food is between 0 and 1. 15. They were testing the elasticity of demand , and they found out the market is price sensitive. 16. :Taxes on expenditure create deadweight losses whose size depends on the elasticity of demand and supply. 17. When economists consider such matters, they do so in the context of price elasticity of demand . 18. Where e is the price elasticity of demand . 19. That's the outcome when you have unregulated monopolies selling services that have low elasticity of demand . 20. The elasticity of demand indicates how sensitive the demand for a good is to a price change.
